Lithium Batteries will become the mainstream technology

Author:Source:Datetime: 2016-10-07 18:26:53

A research report predicts that the global energy storage market will double as consumer households and businesses use energy storage batteries to make up for deficiencies in roof-top solar cells and other renewable energy systems.

It is predicted that the next 10 years, lithium-ion battery will become the mainstream energy storage technology, lithium-ion battery which include lifepo4 battery pack, by 2025 will account for more than 80% of the global energy storage market. Only this year, the global energy storage market will double, the capacity will increase from 1.4 million kwh in 2015 to 2.9 million kwh. It is predicted that by 2025, the global grid-connected energy storage system capacity will surge to 21 million kilowatts.

More than half of the energy storage systems installed in consumer homes and businesses, the driving force is self-use and backup needs.

Analysts said in a statement, "In recent years, energy storage systems and solar photovoltaic power generation systems have grown simultaneously, stimulating interest in a number of industry players, automobile manufacturers, large oil and gas companies, as well as the traditional power plant between the recent Of mergers and acquisitions to show this point.

It is predicted that the next 10 years the United States and Japan will be the largest energy storage market, accounting for market revenue - 500 billion US dollars (about 332.6 billion yuan) in one-third. By 2025, the capacity of Australia and Japan will exceed 5% of installed capacity, highlighting the growing importance of energy storage systems in grid stability, renewable energy integration and energy management.

"The US and Japan are the market leaders in energy storage systems, solar energy is a kind of energy storage, and it good for developing ofsolar powered portable generator. But as the cost of batteries continues to decline, energy storage systems are being used in South Africa, Kenya, the Philippines and other countries," said Buster.

Tesla and other companies value lithium-ion batteries in the field of all-electric vehicles and energy storage systems applications. This week, Tesla announced the investment of 5 billion US dollars (about 33.3 billion yuan) of the super-battery factory production - although only completed 14%.

By 2018, the super-battery factory will be able to produce enough batteries, so that Tesla can increase the production of electric vehicles to about 500,000 per year. Tesla plans to sell its lowest-priced electric car model, Model 3, around 2018.

Tesla CEO Elon Musk expects the total battery power to reach 35 GW by 2020, with the aim of reducing the cost per kilowatt-hour battery capacity by more than 30 / RTI & gt;

Tesla currently sells both home and commercial lithium-ion battery energy storage systems.

This week Tesla unveiled the second part of its "grand plan", which includes "seamless" fusion of rooftop solar cells and battery energy storage systems.

Reportedly, the market research firm Navigant Research in a research report released last year, in fact, if there is no battery energy storage system, the US power grid will collapse.